I can't understand why they would want to do this other than not understanding how this works. This favors the incumbent tech platforms....
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Replying to @kimmaicutler @tpbrown5 and
It is a response to partisan activism by tech companies. They didn’t understand that it helps Google and FB and Amazon vs startups
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Replying to @rabois @kimmaicutler and
Google, FB, and Amazon employees will still be exposed to taxes for vested RSU’s. How exactly does this help employees? I agree it screws over startups more but wouldn’t frame this as a positive for anybody.
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Replying to @rabois @kimmaicutler and
FB, Amazon, and Google need startup ecosystem and external innovation to exist. In the case of FB, advertising revenue more important than a potential recruiting advantage.
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Replying to @jmj @kimmaicutler and
Proof is in the pudding: None of the large tech companies deployed lobbying against this.
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Replying to @rabois @kimmaicutler and
Also worth noting that current list of public opposition includes:
@Benioff, Airbnb, Uber, Lyft. The last three will all IPO very soon and would consider them to be large tech companies at this point.3 replies 0 retweets 3 likes -
Replying to @jmj @kimmaicutler and
No they are private and most affected by this.
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Replying to @rabois @kimmaicutler and
Private for the next 1-2 years. I’m sure they are taking a longer term view towards the situation.
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In retrospect, what do you think of the tendency to postpone offerings post JOBS act?
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Replying to @kimmaicutler @jmj and
Stupid. See my answer on Quora from 2010.
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